tag:blogger.com,1999:blog-8711985.post7965550925448464450..comments2024-03-05T05:38:22.024-05:00Comments on Left at the Gate: NYRA Digging In?Alan Mannhttp://www.blogger.com/profile/12570505944559196118noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-8711985.post-21981143692587880272008-02-11T19:52:00.000-05:002008-02-11T19:52:00.000-05:00I'd guess that ljk is right about the OTB issue. ...I'd guess that ljk is right about the OTB issue. The most likely economic sticking sticking point I've seen is the following from Paul Post's article in the Thoroughbred Times:<BR/><BR/>"But Bruno says the plan isn’t fiscally responsible for the state’s taxpayers. Under his plan, the state would give NYRA $75-million to pay off creditors and $30-million to cover 2008 operating expenses. That is about half of the $200-million in financial assistance NYRA would receive under Spitzer’s plan."<BR/><BR/>If I were NYRA's brass, I'd be tired as hell of all this and would have no appetite for the prospect of having to come back for more money later. After what we've seen so far, does anyone really think that casino revenues will show up on schedule?<BR/><BR/>BitPlayerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8711985.post-54512750543599406642008-02-11T19:34:00.000-05:002008-02-11T19:34:00.000-05:00Stick a fork in the NYRA. It is done.Stick a fork in the NYRA. It is done.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8711985.post-19015037944859185392008-02-11T19:19:00.000-05:002008-02-11T19:19:00.000-05:00Glad to finally hear NYRA say something about the ...Glad to finally hear NYRA say something about the "broken business model" but why the hell do they wait until now to use it as a CYA? I haven't heard anything about the broken business model for months and have often wondered why. The whole franchise story shifted from "let's fix t his thing right once and for all" to "can we buy another 30 days without a shutdown"./S/Green Mtn PunterAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8711985.post-74281824553396496862008-02-11T18:29:00.000-05:002008-02-11T18:29:00.000-05:00I'm not sure that when Duncker talks about the "br...I'm not sure that when Duncker talks about the "broken business model" that I interpret it as the OTB issue. There's no way that's getting resolved by Wednesday or anytime soon. I think they may mean the non-profit model that JK mentions in his comment, the term of the agreement, or even VLT revenue splits.<BR/><BR/>If NYRA pulls the plug now and says it's the OTB issue, that'll be a PR nightmare too. You can't wait until the last minute to bring up such a complex issue.ljkhttps://www.blogger.com/profile/15345829432231688681noreply@blogger.comtag:blogger.com,1999:blog-8711985.post-62748134292268191192008-02-11T15:50:00.000-05:002008-02-11T15:50:00.000-05:00This may be more than the PR equivalent of "the be...This may be more than the PR equivalent of "the best defense is a good offense." NYRA has been in a position of defending the MOU since September. In the past couple of months (arguably somewhat belatedly): the horsemen have been in Albany arguing that they should get a greater percentage of VLT revenues than the MOU provides; the jockeys have been in Albany arguing for inclusion of their pension, insurance, and safety concerns in any new legislation; and Bruno has been arguing hat the MOU does not address the dysfunctional OTB situation. I find it hard to believe that NYRA really opposes any of these arguments, but, in order to get a deal done, NYRA was trying to avoid reopening the MOU and starting from scratch. At some point, as it became apparent that the MOU was going nowhere without substantial revisions that would benefit politicians but not the racing industry, NYRA had to revisit its stance and decide that reopening a lot of issues was the best way to go. Here's hoping they're right, and that it all gets settled in time to run the Gotham.<BR/><BR/>BitPlayerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8711985.post-4012239103413979372008-02-11T14:57:00.000-05:002008-02-11T14:57:00.000-05:00You are right, NYRA is a broken model. Albany take...You are right, NYRA is a broken model. Albany takes 100% of NYRA's profits, there is nothing left to reinvest into the business. The OTB patronage mill is more money not going into racing. Do we really need a Catskill, Suffolk, Nassau, and Capital OTB each with overlapping management and staff? Albany has squeezed the lemon dry, <BR/>now they need more juice via slots and land sales. None of this helps racing. <BR/><BR/>NYRA has its own issues but they are squeaky cleam compared to the NY State government.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8711985.post-51391160827444347752008-02-11T14:15:00.000-05:002008-02-11T14:15:00.000-05:00NYRA will fight the good fight! LOLNYRA will fight the good fight! LOLAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8711985.post-73141408354723139752008-02-11T14:14:00.000-05:002008-02-11T14:14:00.000-05:00Maybe these spoiled out-of-state billionaires have...Maybe these spoiled out-of-state billionaires have a proposed model they can share with us?<BR/><BR/>Of course they don't. <BR/><BR/>NYRA is the broken model.<BR/><BR/>Talk about last minute BS.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8711985.post-25680720647343145682008-02-11T14:12:00.000-05:002008-02-11T14:12:00.000-05:00It does not take much to take the high road vs. Al...It does not take much to take the high road vs. Albany. The Board issue qualified in my opinion. I could see where it would be a tough pr sell. The OTB issue is a no brainer. NYRA will fight the good fight.Anonymousnoreply@blogger.com